Press release
Smart Pills Market: Global Industry Growth, New Opportunities and Forecast 2030
The Business Research Company
The smart pills market consists of the sales of capsule sized ingestible medical devices with a small embedded electronic product such as sensors, cameras, patches, and trackers. Once swallowed, the smart pill gets activated in the gut and the sensors provide information about patient’s health parameters and the effectiveness of medication leading to more optimized therapies. The market includes the sales of various ingestible smart medical devices that help in better diagnosis, patient monitoring and targeted drug delivery.
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The global smart pills market is expected to decline from $2.5 billion in 2019 to $2.1 billion in 2020 at a compound annual growth rate (CAGR) of -7%. The decline is mainly due to the Covid-19 outbreak resulting in other patients delaying their episodes of care. The market is then expected to recover and reach $2.9 billion in 2023 at a CAGR of 3.9%.
The growing preference for non-invasive procedures is driving the smart pills market. The non-invasive procedures are diagnostic and treatment procedures that does not require incision on the body or removal of tissues for the treatment or diagnosis. Smart pill is a wireless, ingestible capsule that can be easily swallowed and has wide range of applications in capsule endoscopy, drug delivery and patient monitoring.
Smart Pills Market Segmentation:
By Application
1. Capsule Endoscopy
2. Patient Monitoring
3. Drug Delivery
By End User
1. Hospital
2. Diagnostic Center
3. Research Institute
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Few Points From Table Of Content
1. Executive Summary
2. Smart Pills Market Characteristics
3. Smart Pills Market Size And Growth
4. Smart Pills Market Segmentation
5. Smart Pills Market Regional And Country Analysis
……
25. Smart Pills Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Smart Pills Market
27. Smart Pills Market Trends And Strategies
28. Smart Pills Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the smart pills market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the smart pills market are Medtronic Plc., Olympus Medical Technology, CapsoVision, Inc., Novartis AG, Proteus Pharmaceuticals, Philips Healthcare, Microchips, Bio-Images Drug Delivery (BDD) Limited, Given Imaging, Inc, Vitality
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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